Press: Selling Off a Magazine Empire: Ziff-Davis

CBS and Rupert Murdoch divide the Ziff-Davis publications

CBS and Rupert Murdoch divide the Ziff-Davis publications

When William Ziff put 24 profitable periodicals on the block last month, there was no shortage of eager bidders. Ziff-Davis, a subsidiary of the Ziff Corp., was offering for sale twelve consumer magazines and twelve technical and travel publications, most of them leaders in their markets. Among those interested were the New York Times Co., Time Inc., Hearst, CBS and ABC. The massive sell-off was accomplished in just 24 hours last week, when CBS purchased the consumer group for $362.5 million, and Australian Press Lord Rupert Murdoch bought the trade publications for $350 million....

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